| Reconciliation of basic and diluted loss per share |
The
following is a reconciliation of the numerators and denominators of the basic and diluted loss per common share computations for
the years ended:
| |
|
Three
Months Ended September 30, |
|
|
Nine
Months Ended September 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
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| |
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|
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| Numerator for basic and diluted loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss to common stockholders
from continuing operations |
|
$ |
(680,897 |
) |
|
$ |
(761,384 |
) |
|
$ |
(1,997,002 |
) |
|
$ |
(3,234,702 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss from discontinuing operations |
|
$ |
(4,383 |
) |
|
$ |
(75,921 |
) |
|
$ |
(23,847 |
) |
|
$ |
(583,138 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss to common stockholders |
|
$ |
(685,280 |
) |
|
$ |
(837,305 |
) |
|
$ |
(2,020,849 |
) |
|
$ |
(3,817,840 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator for basic and diluted loss per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
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| Weighted Average Number of Shares Outstanding |
|
|
11,951,664 |
|
|
|
6,339,259 |
|
|
|
11,594,294 |
|
|
|
5,691,052 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and diluted loss per common share
from continuing operations |
|
$ |
(0.06 |
) |
|
$ |
(0.12 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.57 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and diluted loss per common share
from discontinued operations |
|
$ |
- |
|
|
$ |
(0.01 |
) |
|
$ |
- |
|
|
$ |
(0.10 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and diluted loss per common share |
|
$ |
(0.06 |
) |
|
$ |
(0.13 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.67 |
) |
|
| Schedule of antidilution effect |
Due
to their anti-dilutive effect, the potential common shares have been excluded from the computation of diluted loss per share:
| |
|
Nine
Months Ended September 30, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Warrants |
|
|
19,523,412 |
|
|
|
7,504,189 |
|
| Stock options |
|
|
2,915,556 |
|
|
|
1,840,556 |
|
| Convertible notes |
|
|
2,698,682 |
|
|
|
3,295,322 |
|
| Series A Preferred |
|
|
1,629,006 |
|
|
|
1,629,006 |
|
| Series B Preferred |
|
|
5,693,344 |
|
|
|
5,693,344 |
|
| Series C Preferred |
|
|
902,778 |
|
|
|
902,778 |
|
| Series D Preferred |
|
|
4,532,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
37,894,778 |
|
|
|
20,865,195 |
|
|